Belle International block trade

CDH trims stake in Belle with $131 million block trade

The deal draws strong demand and is upsized by 40% to price at the top of the range for a 4.1% discount, even though the share price has gained 13.9% this week.

<div style="text-align: left;"> CDH has trimmed its stake in Belle International to 1.8% </div>

Anette Jönsson

December 02, 2011

Private equity fund CDH Retail yesterday sold close to one-third of its remaining stake in Hong Kong-listed Belle International Holdings, taking advantage of a massive share price gain this week. Coming on a day when Asian markets rallied strongly, the block attracted strong demand, which prompted the bookrunners to close the order books after just 30 minutes.

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